JCP&L - Residential Energy Efficiency Program Financing

0.00% APR fixed monthly payment financing for qualifying home
energy upgrades, paid through your utility bill!

JCP&L customers are eligible for 0.00% trusted, transparent and affordable monthly payment options for energy efficiency upgrades for your home.

ON-BILL REPAYMENT (OBR) PROCESS

Effective January 1, 2025 — JCP&L has transitioned to a new on-bill repayment (OBR) process for the 0.00% residential energy efficiency financing program for all applications submitted on January 1 or after.

All loans will be repaid on the applicant’s JCP&L utility bill.
Prepayment is permitted, but must be in full for the outstanding balance of the loan.
Any extra payments will be paid towards the customer’s usage, not the loan payment.
If the property is sold and the customer opens a new utility account with JCP&L, the loan will be transferred to that account. If no new account is opened, the loan must be paid in full.

0.00% APR Fixed Monthly Payment Financing
- Minimum loan $2,500, Maximum loan $25,000
- An approved rebate for qualifying equipment is required to access 0.00% financing. Please note: The maximum 0.00% financing for a project is $25,000 through one utility program. Customers may not use multiple utility financing programs for multiple improvements and the rebate must be processed only for the improvement through the utility subsidizing the financing for that improvement.
100% Financing (net of rebate) Available
- Instant credit decision, easy paperless process and responsive communication with you and your contractor.
Simple Interest Installment Loan
- Not a credit card, guaranteed fixed rate and payment for life of loan with no lien on you home and no hidden costs. Prepayment is permitted, but must be in full for the outstanding balance of the loan. Any extra payments throughout the loan term will be paid toward applicant’s utility usage.
From NEIF, a Certified B Corporation™
- Certified to meet the highest standards of compliance and fair lending and a U.S. Department of Energy Home Improvement Expert
Qualifying HVAC — 36, 60, and 84 month terms only, some applicants may qualify for 120 months based on income.
Whole Home Energy Solutions — 36, 60, 84 month terms only for loan amounts $10,000 or less. 120 month term available for loan amounts $10,001 to $25,000.

What Improvements Qualify?

Work must be performed by a NEIF-Approved Contractor and qualify for a JCP&L program rebate.

Qualifying Improvements* Include:

Heat Pumps
Central Air-Conditioning
Gas Furnaces and Boilers
- When installed with qualifying electric Heat Pump, Central Air-Conditioning or Water Heater
Geothermal Heat Pumps
Whole Home Energy Solutions

*Visit residential.energysavenj.com/jersey-central/hvac/ for detailed
information on qualifying HVAC improvements.

Low Guaranteed Monthly Payments

Eligible loan amount is based on qualifying credit score.

720 plus: $2,500 to $25,000
700-719: $2,500 to $20,000
680-699: $2,500 to $15,000
640-679: $2,500 to $10,000

Who is Eligible?

The JCP&L Energy Efficiency Programs provide access to no-cost financing to promote easy and cost-effective access to energy efficiency measures by JCP&L customers. Eligible properties include:

1-4 unit primary or secondary (vacation) homes, deeded* properties, and co-operative housing communities.
Property must be owner-occupied and not an investment property, and it must be affixed to a permanent foundation.
Unsecured loans – property type is for qualification purposes only – no lien is filed.
Primary applicant must be the JCP&L utility account holder and meet all credit guidelines.

*Properties owned or held in trust are not eligible.

Three Simple Steps For Customers

1. Choose the Payment That Fits Your Budget

Prepayment is permitted, but must be in full for the outstanding balance of the loan. Any extra payments will be paid toward the applicant’s utility usage. If you don’t have a contractor selected, click here!

2. Simple Application

Apply online to NEIF for an instant credit decision through your contractor’s application link. Your contractor will work with you to complete and submit the required JCPL program rebate form.

3. Installation

Sign electronic loan documents from NEIF. NEIF pays your contractor when the work is completed to your satisfaction and your program rebate has been approved and processed.

Download JCP&L Residential Energy Efficiency Financing Customer FAQs

NEIF-Approved Contractors

Contractors who have earned the NEIF Seal of Approval are qualified, leading contractors of all sizes authorized to offer NEIF’s trusted, affordable monthly payment plans for energy and resilience upgrades.

They have met NEIF standards for commitment to quality work and customer service, financial stability and personal integrity and leverage our technology, expertise and relationships to broaden their markets in HVAC, Roofing, Remodeling, Lighting, and most energy improvements

If you are not already a NEIF-Approved Contractor, apply here!

Download JCP&L Residential Energy Efficiency Financing Contractor FAQs